Abstract: Night tours have considerable economic benefits and huge potentials. They are being valued by more and more local governments. The willingness to invest has been strengthened and related investments have shown rapid growth. Because of this, the lighting engineering industry has received more and more attention, and higher and higher requirements and standards have been put forward to the industry itself. The era of industry change has quietly arrived.
Recently, Dou Linping, secretary general of the China Illuminating Society, said in an interview with reporters that the lighting industry has achieved rapid development since 2013. After the Hangzhou G20 Summit and the Xiamen BRICS Summit, it has ushered in explosive growth and a series of home diplomatic activities. The beautiful night scene displayed in the process is impressive. The demonstration effect of urban landscape lighting in international large-scale events has attracted the attention of governments at all levels.
Dou Linping believes that at present, urban landscape lighting is expanding from central cities to second and third-tier cities. Under the background of the country's vigorous promotion of the beautiful China strategy and the construction of characteristic towns, landscape lighting has shaped the image of urban culture and created special cultural tourism night tours. The economy has played an important role. The rapid development of urban landscape lighting has promoted the performance of professional design, construction, and outdoor manufacturers in the lighting industry, and has become an important growth point for the lighting industry. In the future, the development of the industry will require higher and higher standards for practitioners.
According to survey data, benefiting from the promotion of policies in various countries or regions around the world, the scale of the landscape lighting market continues to increase. China has become the world's largest landscape lighting market, and the industry is expected to reach nearly 100 billion yuan in 2020.
In this regard, Dou Linping said that with the rapid development of urbanization and consumption upgrades, people’s living standards have continued to improve, and residents’ requirements for urban quality have also continued to increase. Urban landscape lighting is closely related to urban economic, cultural, and natural factors. It plays a vital role in shaping the overall image of the city. Lighting projects help to improve the sense of acquisition, happiness and security of urban residents. It is an important carrier of urban culture and can effectively display and spread local culture to the public through lighting and stage effects.
In recent years, the night tourism economy has developed rapidly and local investment is sufficient. The urban night tourism economy has become an important branch of urban construction and development, and people's night activities have increased the demand for urban landscape lighting. With the increase in demand, urban landscape lighting will be normalized and will gradually be incorporated into the urban infrastructure, which will contribute to the sustainable development of urban landscape lighting construction.
The Research Report on the Market Development Model of China’s Night Tour Economy Industry in 2018-2024 released by Zhiyan Consulting shows that in recent years, American residents have spent 1/3 of their time, 1/3 of their income, and 1/3 of their land area. For leisure, and more than 60% of leisure activities are at night.
In China, the peak passenger flow of more than 1 million people in Beijing Wangfujing is in the night market. Shanghai’s nighttime commercial sales account for 50% of the daytime. More than 2/3 of Chongqing’s catering turnover is realized at night. Guangzhou’s service industry output value is 55. % Comes from the night economy. In a city with a permanent and floating population of 3 million, assuming that 10% of the people spend night tours every day, assuming that the per capita consumption is 30 yuan, there is a big market of 9 million yuan per night, and annual income can reach 3 billion yuan.
The economic benefits of night travel are considerable and the potential is huge. It has received more and more attention from local governments. The willingness to invest has been strengthened, and related investment has shown rapid growth. Because of this, the lighting engineering industry has received more and more attention, and higher and higher requirements and standards have been put forward to the industry itself. The era of industry change has quietly arrived.
Dou Linping believes that my country has become the world's leading country in lighting engineering. In recent years, many lighting engineering projects have won important international awards. Many outstanding lighting companies have participated in important national events or undertook national strategic projects, such as Beijing APEC, Boao Forum for Asia, Hangzhou G20, Xiamen BRICS Summit, SCO Qingdao Summit, Shenzhen Reform and Opening-up Commemoration, China International Import Expo, Cultural Expo, Beijing New Airport, etc. These projects have strict requirements on the implementation quality of my country's lighting projects, demonstrating the strength of my country's lighting enterprises.
In his view, the lighting industry has a bright future. Good companies will have better development and harvest, and those companies that lack competitiveness will also face elimination.
It is understood that not all companies can undertake national-level strategic projects. They have certain qualifications in the lighting industry and require double-A qualifications to be eligible for selection.
With the increase in market size and requirements, the turnover of lighting engineering companies with Double A qualifications has increased rapidly, especially after 2015, the annual turnover has gradually increased from no more than 200 million yuan in the past to a scale of 1 billion yuan. Class-level strategic projects and key projects in various regions have been increasing, forming the first echelon in the lighting engineering field such as Mingjiahui, Leyard, and Hallsai.
Through understanding, it can be found that the listed Mingjiahui and Leyard have the advantages of brand and capital, and the Hallsay, which plans to enter the small and medium-sized board, also has its own characteristics. They participated in Beijing’s tallest building, China Zun, and China’s No. 1 The high-rise Shanghai Tower, Boao Forum for Asia, Xiamen BRICS Summit, SCO Qingdao Summit, Shenzhen Reform and Opening-up Commemoration Activities, China International Import Expo, Xiong’an New District and other classic projects and the construction of national strategic key lighting projects.
The industry believes that under the influence of national policies and industry development, it is a trend for lighting companies to enter the capital market. However, capital's most fundamental support for industry development-product and technology R&D support is not very obvious. With the continuous development of the industry, the increasingly mature standards of competition, and the increasing attention of relevant national departments and industry organizations, capital will play a more active role in the rapid development of the lighting industry.
Starting in 2019, large-scale events and activities in major cities will provide a catalyst for the sustainable development of landscape lighting. In the future, more industry companies will achieve the dual development of industrial capital.
"For lighting engineering companies, landing in the capital market by way of IPO can help companies develop better and faster, which is also a good thing for the healthy development of the industry, and it is beneficial to the entire economic development," Dou Linping said.
In fact, in recent years, lighting companies have gradually grown through the continuous introduction of capital. Most of them are production-oriented companies with lamp production or LED as their main business. They are listed independently through product advantages, such as Op Lighting, Sanxiong Aurora, and Huati Technology. , Overclocking third class. However, only a handful of companies with lighting engineering as their main business have achieved independent listing. Only Mingjiahui is the only lighting engineering company that has successfully listed through an independent IPO.
Some analysts said that at present, there are more powerful lighting engineering companies in the industry that are in urgent need of development, feeding back the research and development of industry products and technologies, and improving the quality of lighting engineering services. I believe that in the near future, they will be listed on the market with lighting engineering as the main industry. There will be more and more companies.
